1. Date of occurrence of the event: 2016/10/26

2. Company name: Inotera Memories, Inc.

3. Relationship to the Company (please enter 'head office' or 'subsidiaries'): head office

4. Reciprocal shareholding ratios: N/A

5. Cause of occurrence:

Inotera Memories, Inc. (TWSE: 3474) today announced consolidated sales revenues of NTD 13,892 million, net income of NTD 886 million and earnings per share of NTD 0.14 based on weighted average outstanding shares of 6,524 million for the third quarter ended September 30th, 2016. Gross margin for the quarter was 12%, operating margin was 11%, and net margin was 7%. All numbers are un-audited.

The 20% quarter-on-quarter increase in the company's sales revenues was mainly a result of an increase both in average sales revenue per wafer and wafer shipments for the third quarter. With the continued effort to optimize its manufacturing efficiency, bit shipments in the third quarter were up 14.8% quarter-on-quarter, above the company's previous guidance. The company expects its sequential bit shipment growth in the range of 20% to 25% for the fourth quarter of 2016.

Inotera Memories Inc. published this content on 26 October 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 26 October 2016 06:41:02 UTC.

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